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Range Hood Market Size By Product (Ceiling Mount, Wall Mount, Under Cabinet), By Application (Residential, Commercial [Hotels, Restaurants, Cafes]), By Distribution Channel (Direct Selling, E-commerce), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027

  • Report ID: GMI4421
  • Base Year: 2020
  • Report Format: PDF

Industry Trends

Range Hood Market size exceeded USD 15 billion in 2020 and is projected to grow at over 6% CAGR between 2021 and 2027. High demand for new home appliances due to increasing population and urbanization at a significant pace is driving the industry growth.
 

Range Hood Market
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The growing importance of fresh air to avoid any pollution-related diseases and rising disposable incomes of the residents are boosting the market statistics of kitchen hood products. Stringent government regulations regarding home ventilation and to control the emissions from commercial fuel combustion will provide an upward market trend. Additionally, COVID-19 pandemic has increased the importance of air quality and the role of HVAC equipment in buildings or houses. Governments of several countries, such as the U.S., the UK, India, and Canada, are taking initiatives to create awareness regarding good home ventilation.
 

The range hood market is witnessing significant demand fueled by investments in R&D by OEMs for new technological innovations. Market players, such as Robert Bosch GmbH, Broan-NuTone LLC, and Sub-Zero Inc., are developing smart home technologies for remote monitoring and controlling of the range hoods by users. For instance, in June 2021, Broan-NuTone LLC launched Overture, a cloud-connected whole home indoor air quality system that interfaces the range hoods with mobile devices, allowing users to optimize and monitor the air quality by controlling the emissions through range hoods.
 

One of the key factors limiting the industry growth in commercial and residential applications is high initial costs of advanced range hoods. In emerging economies, owing to their high value, many of the users are preferring economical ventilation systems such as exhaust fans as substitutes. Industry challenges also include model adjustments in existing spaces and skilled person requirement for proper installation of these appliances. Moreover, their overpriced maintenance cost including frequent filter replacement and ventilation area cleaning is hampering the market revenue remarkably.
 

The market observed a considerable decline on account of the spread of novel COVID-19 virus from the end of 2019. The range hood Industry was adversely affected in the first three quarters of 2020 propelled by the suspension of manufacturing operations, global supply chain disruptions, and shift in consumer purchasing behavior toward medical essential items & groceries. Companies, such as Robert Bosch GmbH, Elica S.p.A, and Samsung Electronics, showcased a substantial decline in growth rate amid pandemic. The market is expected to experience slow recovery post-pandemic.
 

Easy accommodation in the compact spaces is fueling the undercabinet range hood demand

The North America undercabinet range hood market held around 25% of the revenue share in 2020 driven by their compact design ideal for new compact modular kitchens. These hoods can be easily fitted under the kitchen cabinets, enabling users to utilize the remaining space for other kitchen essentials. Majorly, under cabinet extraction hoods possess high performance suction fans to prevent the grease deposition and ensure pure air circulation in the surroundings.
 

Industry participants, such as FOTILE, Broan-NuTone LLC, and Venmar Ventilation LLC, are focusing on product innovations in undercabinet range hoods to stay competitive in this highly potential market.
 

Increasing consumer disposable income is augmenting the range hood sales in residential sector

Europe Range Hood Market Size By Application

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The Europe residential segment captured more than 70% of the range hood market share in 2020. Extraction hoods demand is increasing for the residential sector owing to rising consumer disposable income and growing concerns regarding air quality. COVID-19 pandemic has elevated the importance of good quality air benefits for the human health. Range hoods play a vital role in maintaining fresh and purified air in the kitchen premises for longer duration. However, increasing residential construction led by rising population will create a positive market outlook.
 

Growing demand for range hoods in the residential sector is encouraging industry players to adopt unique business strategies to increase their net sales. Several OEMs, such as Viking Range, LLC, Whirlpool Corporation, and Falmec S.p.A, are focusing on digital tools development to enhance their user experience.
 

COVID-19 pandemic propelled the kitchen hood sale through E-commerce channel

The e-commerce segment in Asia Pacific is anticipated to observe 9% gains through 2027. Various kitchen hood manufacturers, such as Ningbo Fotile Kitchenware Co., Ltd., GE Appliances, and Elica S.p.A, are unveiling their new products in virtual mode to target a larger consumer base. For instance, in August 2021, Ningbo Fotile Kitchenware Co., Ltd., the parent company of Fangtai Group, organized an online conference to launch new second generation kitchen hoods, cooking systems, and dishwashers. Customers can buy the products through the company’s e-retail platforms. This numerous product launch will assist the company to attract potential customers to increase its revenue stream and market share.
 

Urbanization at a significant pace in North America

North America Range Hood Market Share By Region

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The range hood market size in North America crossed USD 2.5 billion in 2020, with over 3.5 million units of new range hood sold. The U.S. and Canada are witnessing high demand for kitchen appliances impelled by high urbanization and shifting consumer behavior toward modular kitchens. Market players, such as Faber S.p.A., KOBE Range Hoods, and Miele, Inc., are launching their new products specifically in the North America region to improve their market revenue.
 

Companies are organizing marketing campaigns to enhance their brand image

Prominent range hood market leaders include Faber S.p.A, Whirlpool Corporation, Samsung Electronics Co., Ltd., Elica S.p.A, Braon-NuTone LLC, KOBE Range Hoods, Miele & Cie.KG, Ningbo Fotile Kitchenware Co., Ltd., GE Appliances, Pacific Range Hoods, Inc., Falmec S.p.A., and BSH Hausgerate GmbH.
 

The industry participants are emphasizing significantly on enhancing their brand image across the globe to acquire a greater market share. For instance, in May 2021, Miele, Inc., the parent company of Miele & Cie. KG, launched a new global campaign, “Quality ahead of its time” to advertise its products and to enhance its brand image. The campaign will also convey the latest technologies the company is implementing in its kitchen appliances including vent hoods and hobs to increase product efficiency & life expectancy.
 

This market research report on range hood includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2021 to 2027 for the following segments:

Market, By Product

  • Ceiling Mount
  • Wall Mount
  • Under Cabinet
  • Others

Market, By Application

  • Residential
  • Commercial

Market, By Distribution Channel

  • Direct Selling
  • E-commerce
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

The market size of range hood crossed USD 15 billion in 2020 and is expected to expand at 6% CAGR from 2021 to 2027, says this GMI report.

In North America undercabinet range hood segment registered more than 25% of the market share in 2020 and will rise on account of their compact design ideal for new compact modular kitchens.

The Europe range hood industry from residential application recorded over 70% of the revenue share in 2020 and is set to grow with rising concerns regarding air quality and increasing consumer disposable income.

In the Asia Pacific, the market revenue from e-commerce distribution channel will grow at a CAGR of 9% up to 2027 owing to the launch of various products in virtual mode for targeting a large consumer base.

Leading participants across the industry comprise KOBE Range Hoods, Faber S.p.A., Ningbo Fotile Kitchenware Co., Ltd., Elica S.p.A., Falmec S.p.A., Miele & Cie KG, Pacific Range Hoods, Inc., and others.

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Premium Report Details

  • Published Date: Oct 2021
  • Companies covered: 17
  • Tables & Figures: 346
  • Countries covered: 20
  • Pages: 250

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